Template-Type: ReDIF-Paper 1.0 Author-Name: Amina Ahmad Kwaido Author-Name-First: Amina Author-Name-Last: Ahmad Kwaido Author-Email: aminuamina71@gmail.com Author-Workplace-Name: Umaru Ali Shinkafi Polytechnic Sokoto, Nigeria. Title: Impact of entrepreneurship education on youth unemployment: A Case of Ummaru Ali Shinkafi Polytechnic Sokoto, Nigeria. Abstract: Educational orientation of youths in Nigeria is white-collar job directed, which is one of the factors responsible for the youth unemployment in the country, because the educational system itself fails to empower the ones passing through it. To solve the problem of unemployment in this situation, there is need to reorient the youths to think of job creation away from the mindset of job seekers, by inculcating entrepreneurship skill into the youths and building their interests towards entrepreneurship, especially while they are still in school. The study examined the strength of entrepreneurship education on impacting the right skills and attitudes to students and determined the extent to which students exposed to entrepreneurial education are willing to undertake the establishment of their own enterprises. The methodology adopted was based on Descriptive survey design which relied on primary and secondary sources of gathering data, through the use of structured questionnaires. Two hundred (200) questionnaires were administered, and one hundred and fifty four (154) were returned. The study adopted simple random sampling technique. The data was analyzed and Presented using Descriptive statistics (frequencies, percentages) and chi-square was adopted to analyze data. The study shows that entrepreneurial education in Ummaru Ali Shinkafi polytechnic is effective in imparting entrepreneurial skills and attitudes to students as well as building their interests towards establishing their own businesses.The study recommends that tertiary institutions, government, parents and the international donors supporting higher education projects must work together to create an ecosystem of support including training, mentorship, and access to finance Start -up Capital should be provided through micro-finance banks and other specialized agencies to adequately empower young entrepreneurs. There is an urgent need for the government to provide an enabling environment in the forms of efficient and available basic infrastructural facilities. Length: 14 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 1-14 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=001&rid=10565 File-Function: First version, 2019 Number: 8910565 Classification-JEL: A23, A00, A19 Keywords: Youth unemployment, Entrepreneurship, Entrepreneurship Education Handle: RePEc:sek:iefpro:8910565 Template-Type: ReDIF-Paper 1.0 Author-Name: Maja Bacovic Author-Name-First: Maja Author-Name-Last: Bacovic Author-Email: majab@ucg.ac.me Author-Workplace-Name: University of Montenegro, Faculty of Economics Title: Dollarization in Montenegro: evidence after two decades of experience Abstract: Montenegro has started transition process from centrally planned to market oriented economy in late nineties of the XX century. Being still part of the Federal Republic of Yugoslavia, official currency was dinar in that period. Dinar, inherited currency from the Social Federal Republic of Yugoslavia, was not convertible currency (except for short period from 1990-1992), after which then actual monetary policy resulted in hyperinflation during 1992-1993. Afterword, although it was only legal tender until 1999, dinar was not used as currency in full capacity and in all transactions, but often replaced with Deutsche mark (DM), although unofficially. As result of such practice, in 1999, Montenegro introduced ?double currency? regime, officially allowing use of both, dinar and DM as legal tenders. In November 2000, dollarization regime has officially become implemented in Montenegro, introducing DM and later EURO (since January 2002) as only legal tender in Montenegro. Two decades later, we may summarize effects of such choice, and see whether decision to implement dollarization instead to issue national currency (perper was the one which was proposed) or remain using dinar was appropriate. We will make comparisons of selected indicators with Serbia, as it has decided to use dinar as national currency. Although there are many differences between Montenegrin and Serbian economy, both have many elements in common, which make reasonable to make comparisons. In addition, we did empirical analysis and analyzed economic performance of European countries that belongs to different monetary regimes, for period from 2000-2016. Length: 23 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 15-37 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=002&rid=10969 File-Function: First version, 2019 Number: 8910968 Classification-JEL: E50, E00 Keywords: Dollarization, EURO, National currency Handle: RePEc:sek:iefpro:8910968 Template-Type: ReDIF-Paper 1.0 Author-Name: Lela Bakhtadze Author-Name-First: Lela Author-Name-Last: Bakhtadze Author-Email: lela.bakhtadze@tsu.ge Author-Workplace-Name: Ivane Javakhishvili Tbilisi State University; Department of International Economics and Economic Teaching History Author-Name: Teimuraz Sartania Author-Name-First: Teimuraz Author-Name-Last: Sartania Author-Email: t.sartania@yahoo.com Author-Workplace-Name: Ivane Javakhishvili Tbilisi State University / PhD Student Title: Trade relations and Export Orientation Prospects of Georgian Economy on EU market Abstract: On the basis of country`s economic increase, analysis of employment and export potential, in the article, there are revealed the challenges of global economy and evaluated the competitiveness of economy of Georgia. There are studied the reasons causing negative balance of foreign trade. On the basis of generalization of increase theories oriented on the export, there are assessed the significance of offer the manufacture of new export products and service relating the export products and the intensity of their sell, extension of export geography and increase of export potential of the country. Besides, there is confirmed the state`s role in increase of production`s efficiency by rational distribution of resources. There are worked out the references regarding the acceleration and improvement of trade and economic relations between the Georgia and EU during the process of integration in EU. Length: 12 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 38-49 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=003&rid=11374 File-Function: First version, 2019 Number: 8911374 Classification-JEL: F00 Keywords: trade relations, economic growth, export potential, competitiveness, export-oriented growth. Handle: RePEc:sek:iefpro:8911374 Template-Type: ReDIF-Paper 1.0 Author-Name: Lela Bakhtadze Author-Name-First: Lela Author-Name-Last: Bakhtadze Author-Email: lela.bakhtadze@tsu.ge Author-Workplace-Name: Ivane Javakhishvili Tbilisi State University Author-Name: Keti Tskhadadze Author-Name-First: Keti Author-Name-Last: Tskhadadze Author-Email: k.tskhadadze@iset.ge Author-Workplace-Name: Ivane Javakhishvili Tbilisi State University Title: Problems of State Debt Management in Georgia Abstract: One of the topical problems of modernity is the investigation of the reasons, which had caused origin of the state debt, its assessment criteria and indicators. The article has investigated reasons causing both the permanent growth of domestic and external debts of developing and post socialist countries and their debt crisis. The article analyzes economic, social and political developments resulting the permanent growth of domestic and external debt in developing and post socialist countries.There are set out conclusions for regulation of financial, foreign exchange, foreign and trade relations. The article suggests concrete efforts aimed to overcome debt crisis. For this reason we suggest to use universal recognized methods and mechanisms, which will support to overcome the debt crisis. Length: 9 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 50-58 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=004&rid=11445 File-Function: First version, 2019 Number: 8911445 Classification-JEL: F34, H63, H79 Keywords: State Domestic Debt, State External Debt, State Debt Management, Debt Crisis, Debt Burden. Handle: RePEc:sek:iefpro:8911445 Template-Type: ReDIF-Paper 1.0 Author-Name: Natalia Davidson Author-Name-First: Natalia Author-Name-Last: Davidson Author-Email: natalya.davidson@gmail.com Author-Workplace-Name: Graduate School of Economics and Management, Ural Federal University Author-Name: Oleg Mariev Author-Name-First: Oleg Author-Name-Last: Mariev Author-Email: o.s.mariev@urfu.ru Author-Workplace-Name: Graduate School of Economics and Management, Ural Federal University Title: Factors determining enterprise location choice in Russia Abstract: This paper studies determinants of enterprise location decisions in Russia, such as agglomeration levels, home market potential, transport infrastructure and institutional environment. Results confirm that agglomeration levels and home market potential affect foreign firms? location choice and probability that national firms will work in a city. Urbanization economies and home market potential positively affect location choice; localization economies have an inverted U shape. Estimation shows that foreign enterprises are interested in large demand. Under assumption that there are more innovations in diversified cities and cities with favourable business climate, strategic asset seeking might be present. The study confirms negative impact of regional business environment risks on foreign firms? location choice. Results will be useful for regional policy aimed at business development and attracting foreign direct investment. Length: 10 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 59-68 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=005&rid=11539 File-Function: First version, 2019 Number: 8911539 Classification-JEL: O12, R12, F21 Keywords: enterprise location choice, cities, agglomeration economies, home market potential, business environment, foreign direct investment, Russia Handle: RePEc:sek:iefpro:8911539 Template-Type: ReDIF-Paper 1.0 Author-Name: Rogneda Groznykh Author-Name-First: Rogneda Author-Name-Last: Groznykh Author-Email: ronav999@gmail.com Author-Workplace-Name: Ural Federal University Author-Name: Igor Drapkin Author-Name-First: Igor Author-Name-Last: Drapkin Author-Email: i.m.drapkin@mail.ru Author-Workplace-Name: Ural Federal University Author-Name: Oleg Mariev Author-Name-First: Oleg Author-Name-Last: Mariev Author-Email: o.s.mariev@urfu.ru Author-Workplace-Name: Ural Federal University Title: DETERMINANTS OF FOREIGN DIRECT INVESTMENT INFLOWS: THE CASE OF HETEROGENEOUS RUSSIAN REGIONS Abstract: The research is devoted to analysis of various regional factors that attract foreign direct investment. Taking into account that foreign direct investment can give a possibility to solve different social and economic problems, the main objective of the study is to reveal factors that promote foreign direct investment to regions of Russia. In the research two types of regions are considered: mining and non-mining. It is proposed that mining regions in Russia attract more foreign direct investment compared to non-mining ones. Therefore we provide econometric estimation on the database for 83 Russian regions for period from 2001 to 2017 using fixed-effects regression estimation. According to the results of the research a range of recommendations can be developed in order to enlarge foreign direct investment inflows. Length: 7 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 69-75 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=006&rid=11540 File-Function: First version, 2019 Number: 8911540 Classification-JEL: F21 Keywords: foreign direct investment inflows, Russian regions, mining region, education, roads density, railway density Handle: RePEc:sek:iefpro:8911540 Template-Type: ReDIF-Paper 1.0 Author-Name: Tomasz Jedynak Author-Name-First: Tomasz Author-Name-Last: Jedynak Author-Email: tomasz.jedynak@uek.krakow.pl Author-Workplace-Name: Cracow University of Economics Title: The determinants of effective retirement age ? a cross-country analysis Abstract: To restore the long term sustainability of pension schemes and improve pension benefits adequacy in recent years many countries have raised the statutory retirement age. According to official reports, however, there is a significant difference between statutory and actual (effective) retirement age. While in some countries the former is considerably higher than the latter, in other it is quite the opposite. Thus a question which underlays this research appears: what determines the effective retirement age? To answer these questions the study objectives are 1) to identify and discuss potential factors affecting retirement decisions; 2) to estimate the impact of the identified factors on the decision to retire. The empirical analysis in the study is based on the cross-country analysis of 34 OECD countries. To assess the impact of different variables on the effective retirement age we use a multivariate regression model. The model considers variables related to general economic conditions, health, and pension system architecture. Moreover, we also add to a model a dummy variable which informs whether a country is a European one or not. To fit the model and eliminate the highly correlated independent variables we apply the stepwise regression with forward selection. Taking into account the persistent gender differences, we calculate two separate models for men and women. The results of our regression model show that the most significant influence on the retirement age has: perceived health status, life expectancy and the employment rate of people aged 60 to 64. Furthermore, we observe a noticeable impact of ?being a European country? variable - simply being the European country leads to 3,76 lower retirement age for men and 2,78 for women. We also find that effective retirement age is positively and statistically significantly correlated with the relative poverty of the elderly, and negatively with old-age dependency ratio and replacement rate. There is also a strong, negative correlation between a dummy ?being a European country? variable and effective retirement age. Interestingly, we find no evidence that variables related to pensioners? income (the level of GDP per capita or disposable incomes of people aged over 65 and average wages) affect the effective retirement age.As our model is not capable to fully explain the differences in effective retirement age in analysed countries, we believe that apart from the quantitative parameters regarding economic conditions; financial incentives and pension system architecture; and health and demographic that are considered in the model, also other, rather qualitative factors, influence retirement decisions. We suppose that among these factors are mainly attitudinal and behavioural Length: 17 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 76-92 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=007&rid=11262 File-Function: First version, 2019 Number: 8911262 Classification-JEL: J26, H55, J14 Keywords: retirement age, statutory retirement age, effective retirement age, professional activity Handle: RePEc:sek:iefpro:8911262 Template-Type: ReDIF-Paper 1.0 Author-Name: Bo?ena Kade?ábková Author-Name-First: Bo?ena Author-Name-Last: Kade?ábková Author-Email: b.kaderabkova@centrum.cz Author-Workplace-Name: University of economics in Prague Author-Name: Emílie Ja?ová Author-Name-First: Emílie Author-Name-Last: Ja?ová Author-Email: entropa@seznam.cz Author-Workplace-Name: Institute for Forcast Title: The Relation between Minimum Wage and Unemployment across the Economic Cycle in Countries of the Visegrad Group Abstract: The aim of the present article is to clarify existence and nature of the relation between minimum wage and selected unemployment indicators in countries of the Visegrad group, with the use of an empirical analysis. The obtained figures of correlation coefficients related to the Czech Republic, Hungary and Poland showed that the positive influence was predominant over the negative one, meaning rise of the minimum wage was followed by unemployment growth. In accordance with similar studies in the world we have proved that a contradictory effect of the relationship between minimum wage changes and selected unemployment indicators was also relevant for V4 countries. Length: 9 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 93-101 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=008&rid=10608 File-Function: First version, 2019 Number: 8910608 Classification-JEL: E24, E32, E37 Keywords: Minimum wage, unemployment, unemployment rate, previous occupations of the unemployed, correlation coefficient Handle: RePEc:sek:iefpro:8910608 Template-Type: ReDIF-Paper 1.0 Author-Name: Pawel Kliber Author-Name-First: Pawel Author-Name-Last: Kliber Author-Email: p.kliber@ue.poznan.pl Author-Workplace-Name: Poznan University of Economics Author-Name: Anna Rutkowska-Ziarko Author-Name-First: Anna Author-Name-Last: Rutkowska-Ziarko Author-Email: aniarziarko@gmail.com Author-Workplace-Name: University of Warmia and Mazury Title: An algorithm for construction of a portfolio with a fundamental criterion Abstract: The classical models for construction of investment portfolio do not take into account fundamental values of considered companies. In our approach we extend the portfolio choice by adding this dimension to the classical criteria of profitability and risk. It is assumed that an investor selects stock according to their attractiveness, measured by some fundamental values of companies. In this approach portfolios are assessed according to three criteria: their profitability, risk (measured by variance of returns) and fundamental value (measured by some indicators of fundamental value). In this article we consider earnings to price ratio as the measure of the fundamental value of a company. In the paper we consider an algorithm for constructing portfolios with fundamental criterion based on analytical solutions for appropriate optimization problems. In the optimization problem we consider minimizing variance with constrains on expected return and attractiveness of investment, measured with some indicators of fundamental values of companies in a portfolio. We also present empirical examples of calculating effective portfolios of stocks listed on the Warsaw Stock Exchange. Length: 12 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 102-113 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=009&rid=11300 File-Function: First version, 2019 Number: 8911300 Classification-JEL: C61, C63, G11 Keywords: portfolio analysis, fundamental value, multicriterial choice, fundamental analysis Handle: RePEc:sek:iefpro:8911300 Template-Type: ReDIF-Paper 1.0 Author-Name: KITALA CHRISTIAN MALAMSHA Author-Name-First: KITALA CHRISTIAN Author-Name-Last: MALAMSHA Author-Email: mwishurie@yahoo.co.uk Author-Workplace-Name: Moshi Co operative University Title: ADOPTION OF MOBILE BANKING SERVICES BY MOBILE PHONE OWNERS IN MOSHI MUNICIPALITY, TANZANIA Abstract: Adoption of mobile banking services by mobile phone owners in terms of level of adoption and usefulness of adoption remained inadequate in Tanzania. Such inadequacy of adoption is a result of utilizing traditional banking services by mobile phone owners which decreases advantage of using mobile banking technology. Mobile banking is a situation whereby the customer interacts with a bank via mobile device, an electronic banking system which allows bank customers to get access to their bank accounts via mobile phone. The establishment of adoption level, the factors influencing adoption and usefulness of mobile banking technology among mobile phone owners remains silent. That was a knowledge gap on which the research for this paper focused. The article is intended to assess adoption of mobile banking services by mobile phone owners in Moshi municipality, Tanzania. The specific objectives were to evaluate the level of adoption of mobile banking, analyse factors influencing adoption of mobile banking and evaluate usefulness of mobile banking services. Primary data were collected using questionnaires. They were administered to 182 mobile phone owners who are bank customers. Descriptive and inferential statistics were used. The adoption level of mobile baking was revealed to be inadequate. The main factors found to be behind non-adoption of mobile banking service was risk of loss and fear of system failure which was found to negatively affect adoption of mobile banking service. The risks found to have the greatest influence were fear of sending money to wrong account or phone number and loss of personal or account information. Perceived convenience was found to positively affect adoption of mobile banking. The usefulness established included; accessibility, saving of time and comfort mostly used to pay bills and funds transfer. It therefore concluded that adoption of mobile banking is inadequate and is affected negatively by risk of loss and fear while affected positively by perceived convenience and mobile banking is useful in various ways. It is argued that mobile banking should be adopted by banks and mobile phone owners in Tanzania. Length: 20 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 114-133 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=010&rid=11512 File-Function: First version, 2019 Number: 8911512 Classification-JEL: G21 Keywords: Adoption, Mobile phone owners, Mobile banking services, Factors, Usefulness, Moshi Tanzania Handle: RePEc:sek:iefpro:8911512 Template-Type: ReDIF-Paper 1.0 Author-Name: Miroslav Mateev Author-Name-First: Miroslav Author-Name-Last: Mateev Author-Email: miroslav.mateev@aue.ae Author-Workplace-Name: American University in the Emirates Title: Regulation and ownership effect on banks performance: New Evidence from the MENA region Abstract: This paper investigates the impact of regulation and ownership on the performance of banks in 19 countries in the Middle East and North Africa (MENA) region, over a period of 11 years (2005 - 2015). We test the hypothesis that the effect of regulation on efficiency and profitability depends on the type of bank ownership. We find that only capital regulations have a strong impact on bank efficiency, but this effect does not depend on the level of ownership concentration of the bank. In line with previous empirical studies, we find that the impact of regulatory measures on bank profitability does not depend on bank ownership type. We also investigate whether the impact of regulation and ownership is different between conventional and Islamic banks, and find that the interaction effect of bank regulations and different types of ownership on a bank?s profitability is strongly significant only in the sample of Islamic banks. The analysis of bank performance before and after the recent global financial crisis reveals that bank regulations have no influence on cost efficiency of a conventional bank either before or after the crisis; however, the impact on an Islamic bank?s efficiency is strongly significant in the full sample period and the post-crisis period. Length: 39 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 134-172 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=011&rid=11196 File-Function: First version, 2019 Number: 8911196 Classification-JEL: G21, G28 Keywords: global financial crisis, ownership, bank regulation, efficiency, profitability Handle: RePEc:sek:iefpro:8911196 Template-Type: ReDIF-Paper 1.0 Author-Name: Ranjeeta Sadhwani Author-Name-First: Ranjeeta Author-Name-Last: Sadhwani Author-Email: ranjeeta@iba-suk.edu.pk Author-Workplace-Name: Sukkur IBA University, Sindh Author-Name: Mujeeb U Rehman Bhayo Author-Name-First: Mujeeb U Rehman Author-Name-Last: Bhayo Author-Email: mujeeb@iba-suk.edu.pk Author-Workplace-Name: Sukkur IBA University, Sindh Title: Momentum and Disposition Effect in the stock market of USA Abstract: This paper analyze whether momentum effect drives disposition effect and vice versa during the period of January 1963 to 2017 in the stock market of USA. To examine the relationship, Fama and Macbeth (1973) cross sectional regressions are performed in the study. The results show that disposition effect drives momentum but not the other way around. Furthermore, this relationship is also examined for three sub-samples, and we find that relationship between momentum and disposition effect varies over the time and one possible reason could be crisis as sample is divided on the basis of the dot-com bubble and global financial crisis. Another finding of the study is that along with the disposition effect, size also has an impact on the momentum effect. To further analyze the impact of size on momentum and disposition effect, we test the relationship between momentum and disposition effect on the basis of size deciles. The results demonstrate that relationship does not vary significantly over the size of stocks but it does have an impact on momentum and disposition effect as past cumulative returns, and capital gain varies monotonically with the increase in the size of stocks. Length: 20 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 173-192 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=012&rid=11340 File-Function: First version, 2019 Number: 8911340 Classification-JEL: M20, D89, C01 Keywords: Momentum, Disposition effect, Fama-Macbeth regression, Behavioral Finance, Size effect Handle: RePEc:sek:iefpro:8911340 Template-Type: ReDIF-Paper 1.0 Author-Name: Krisztina Soreg Author-Name-First: Krisztina Author-Name-Last: Soreg Author-Email: krisztina.soreg@gmail.com Author-Workplace-Name: University of Sopron, Alexandre Lamfalussy Faculty of Economics Title: Patterns of Economic Growth in Dependent Market Economies: The Case of Central Eastern Europe Abstract: The development pattern of certain Central Eastern European Countries has always represented a special case within Europe?s overall economic growth as well as social progress. Current paper examines the main growth tendencies of the so-called dependent market economies (DMEs) and also provides an extended definition for latter model. In frames of the comparative analysis, the research is based on investigating the relationship between the presence and activity of TNCs and MNCs through their FDI inflow contribution to the destination countries, the performance of the main investor economies and trading countries and also the GDP growth of the DMEs. According to the evidence, in certain countries ? e.g. Hungary ? a dual economic structure has emerged strongly relying on the multinational sector successfully being integrated into the world economy and a weak domestic sector that is in most cases, not capable of selling its goods and services in a global market. The lack of high value added production and the constant reliance on cheap labour force may further deepen the diverging tendency compared to the developed economies. Our main hypothesis assumes that integrated peripheries ? due to certain asymmetric interdependencies ? are not likely to produce significant long-term economic convergence to the centre economies with the current conditions of global capitalism and a strongly FDI based growth path they have developed. Length: 21 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 193-213 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=013&rid=11197 File-Function: First version, 2019 Number: 8911197 Classification-JEL: F10, O11, P12 Keywords: dependent market economies, economic growth, development economics, Central Eastern European Countries, varieties of capitalism Handle: RePEc:sek:iefpro:8911197 Template-Type: ReDIF-Paper 1.0 Author-Name: Irida Vejsiu Author-Name-First: Irida Author-Name-Last: Vejsiu Author-Email: iridaaltin79@gmail.com Author-Workplace-Name: Societe Generale Albania Sh.a Title: The role of recruitment in the financial performance of the Banking System Abstract: Among the HR processes, recruitment has been considered to be one of the most important ones. Many theories nowadays emphasize the importance of recruitment practices in the welfare of an organization, stressing that its impact is crucial even in the business financial performance.The study has been focused on the impact of the recruitment practices in the financial results of 6 banks in the banking market in Albania! A deep analysis has been done, with the data gathered on the recruitment method for the involved banks, through the use of both SPSS and Econometric methods. The sources used for collecting the data has been both primary through surveys conducted and secondary through the information gathered from different online sources. This study has been conducted to evaluate the impact of the selection method of two categories of employees, experienced once and the recently graduated, on the overall performance and financial results of the business.The study is concluded with the analysis of the results showing a clear distinction on the costs of the business for recruitment of both categories, meaning that the recently graduated are less costly for the business. However there is not a clear distinction weather the recently graduates are performing better in comparison to the experienced recruited employees. Length: 26 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 214-239 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=014&rid=11203 File-Function: First version, 2019 Number: 8911203 Classification-JEL: G00, G20, M00 Keywords: Recruitment, Banking, Recently graduated, Pre experienced, Business Performance Handle: RePEc:sek:iefpro:8911203 Template-Type: ReDIF-Paper 1.0 Author-Name: Irida Vejsiu Author-Name-First: Irida Author-Name-Last: Vejsiu Author-Email: iridaaltin79@gmail.com Author-Workplace-Name: Societe Generale Albania Bank Title: Employee Turnover Impact on the Profitability of the Banks- The case of the Albanian Banking System Abstract: This research study has been focused on the impact the employee turnover can have for the banks in Albania. High rates of the voluntary turnover among the banking employees can affect the business results. The negative impact might be higher when the turnover has been among the highly professional employees covering key areas of expertise. The research methodology used has been the case study. The data have been collected from statistical documents and archives and 75 % of the banks operating in the market have been included in the study. The study found an increasing trend in the employee turnover over the last three years for most of the banks, however when it comes to the profitability it has not been evidenced a clear trend for the banks, there is a lot of fluctuations on their net profit. Somehow due to this fluctuation the regression model built to test the connection among the turnover and banks profitability come out to have no statistical importance. Length: 18 pages Creation-Date: 2019-07 Publication-Status: Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 240-257 File-URL: https://iises.net/proceedings/11th-economics-finance-conference-rome/table-of-content/detail?cid=89&iid=015&rid=11254 File-Function: First version, 2019 Number: 8911254 Classification-JEL: J63, J24, J30 Keywords: Employee?s turnover, Banking, Profitability, Albanian Banking System Handle: RePEc:sek:iefpro:8911254